30 basis points (0.3%) or R100 minimum; whichever is larger. A quarterly administration fee of R250 applies to all accounts. The commission is calculated per order executed. If one order to buy or sell shares is executed over two days you will be charged a commission for the value traded on each day as two separate trades. One order to buy a share and one order to sell a share on the same day will constitute two trades and will attract two separate commissions.
Account/Portfolio migration fee - We do not charge on incoming accounts, only outgoing migration, due to administrative costs and only on open positions at R120.00 (incl. VAT) per counter.
We do not accept cash deposits or cheques. Please arrange for payment to be made via EFT. Please note that cash balances will earn the rate determined by the South African Benchmark Overnight Rate (SABOR). Cash balances below this threshold will not accrue interest nor will interest earned that is less than R50 be paid. This rate can fluctuate. If the account is overdrawn, a charge of 350 basis points on top of the SABOR rate will be levied.
|SERVICE DESCRIPTION||NON PROFESSIONAL FEE||PROFESSIONAL FEE|
|Live Price Streaming (Free for Sharenet Premium and QuickStream subscribers)||R196 per month||R660 per month|
|Live Market Depth - 5 deep (Free for Sharenet Premium and QuickStream subscribers. Must also subscribe to Live Price Streaming)||R75 per month||Included|
|Research which includes Broker Consensus Recommendations and Forecasts of EPS, DPS, DY%, EY% and PE. Also Results and Results Due. (Free for Sharenet Premium subscribers)||R393 per month||R917 per month|
|Advanced Online Charts||R252 per month||R252 per month|
The cost calculator allows you to see the cost of an imaginary order on our system.
Don't worry, no order will be sent to the JSE, we will simply show you what the order would have cost you had you actually placed it.
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“Extremely satisfied with all levels of services received from Sharenet Securities. After attending the seminars there was only going to be one choice and that was Sharenet.”